PROJECT

Projects

Summary of Investment Information

Project Number

47718

Company Name

F 1622 FIBRA MACQUARIE MEXICO

Date SPI Disclosed

Jul 11, 2024

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Dec 20, 2023

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 25, 2024

Department

Regional Industry MAS LAC & EUR

Industry

other

Previous Events

Approved : Dec 20, 2023
Signed : Jun 28, 2024
Invested : Jul 22, 2024

Sector

other

Project Description

 FIBRA Macquarie Mexico (FIBRA MQ) is a publicly listed Mexican real estate investment trust with a US$1.3 billion market capitalization, headquartered in Mexico City that primarily focuses on the acquisition, development, leasing, and management of industrial real estate assets.  

The proposed project entails an up to US$150 million sustainability linked “A” loan with a tenor of up to seven years to FIBRA MQ to develop its 2023–2025 investment program in industrial parks. This includes the development of new green industrial assets in markets such as Mexico City Metropolitan Area, Monterrey, Ciudad Juarez, Reynosa, and Tijuana for a total of 2 million square footage in gross leasing area (GLA). It also includes energy efficiency upgrades in existing properties through IFC’s Green Pathways for Real Estate Institutional Portfolios (GRIP) decarbonization program (both capital expenditure and advisory initiatives together are defined as the Project).                                            

Associated Advisory Engagement

  FIBRA MQ’s work with IFC under GRIP will support the reduction of GHG emissions and promote sustainable growth.                                                                                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation